Synthetix has successfully restored its stablecoin sUSD to its target value of $1. The platform has mandated an increase in the sUSD collateral ratio for SNX debt collateralizers in the 420 pool from 10% to 20%, effective from 23:59 UTC on June 2. This move aims to stabilize the sUSD value, which had previously dropped to $0.70 due to user selling. The restoration of the sUSD peg is expected to facilitate the implementation of the SIP-420 proposal and the deployment of the v4 contract on the Ethereum mainnet. Synthetix officials believe these changes will enhance the stability and functionality of their ecosystem.